Dow TOP call - 10yr top formation done
- Thread starter deadbroke
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Quote from deadbroke:
Right or wrong, the call will not be like that of other cocksuckers here.
400,000 views of a call like this ...
"fellas, Dow's gonna dump at 2:30"
never mind missing the forest for the trees, these mothers don't even see the alveoli of the leaves of the twigs of the branches of the trees.
no wonder America is up shit creek with dopey assholes like the one who makes such calls. A fckin disgrace.
And I came here to learn from these retards.
SMD
Thank God for the black guy in the Whitehouse - may he live a long life and serve more than 2 terms, possibly for the next 20 years.
Nice blown call Kreskin. Don't worry, the Fellas found a good use for your charts.
Rennick out
Dow Jones daily chart, same as shown in earlier posts. This time I've included an indicator - notice momentum waning at extreme right - doesn't mean it can't go higher but it hasn't yet gone below the 0-line i.e. no sgnal line cross yet.
The next few posts will refer to this chart.
Uploaded with ImageShack.us
The next few posts will refer to this chart.
Uploaded with ImageShack.us
refer to daily chart ....
clear restatement of where exactly THREAD CALL fails
if Dow exceeds the April 26 high by even a hair, the wavecount is wrong and therefore the CALL is wrong.
If that happens, it will be posted here with letter size = 6 in RED.
If so, it would mean that I got beat and lost.
But if that does turn out to be the case, I already have a re-attack plan. The WRONG would be in place, but I'll be right back in to the fight as you will see in the next few posts with something that was dormant but has now become a reality.
clear restatement of where exactly THREAD CALL fails
if Dow exceeds the April 26 high by even a hair, the wavecount is wrong and therefore the CALL is wrong.
If that happens, it will be posted here with letter size = 6 in RED.
If so, it would mean that I got beat and lost.
But if that does turn out to be the case, I already have a re-attack plan. The WRONG would be in place, but I'll be right back in to the fight as you will see in the next few posts with something that was dormant but has now become a reality.
refer to Dow daily chart ....
It didn't bother Prechter and the guys at EWI that the rally from the March 2009 lows to the April 26 top was a clear 5-wave move.
They explained it away by some arcane "internal structure suggests corrective" stuff.
I didn't buy into this but at the same time I had NO explanation for it.
You see, a 5-wave move is either the start of a bullrun or a wave A rally of a larger A-B-C overall corrective pattern.
This larger corrective A-B-C pattern would come into play the instant my CALL goes wrong as it would instantly wipe out the wave 1 and 2 shown in the chart - why? .. because wave 2 cannot retrace more than 100% of wave 1. The instant Dow exceeds the April 26 top by even a hair, this scenario is instantly trashed.
It didn't bother Prechter and the guys at EWI that the rally from the March 2009 lows to the April 26 top was a clear 5-wave move.
They explained it away by some arcane "internal structure suggests corrective" stuff.
I didn't buy into this but at the same time I had NO explanation for it.
You see, a 5-wave move is either the start of a bullrun or a wave A rally of a larger A-B-C overall corrective pattern.
This larger corrective A-B-C pattern would come into play the instant my CALL goes wrong as it would instantly wipe out the wave 1 and 2 shown in the chart - why? .. because wave 2 cannot retrace more than 100% of wave 1. The instant Dow exceeds the April 26 top by even a hair, this scenario is instantly trashed.
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